Exercise 11-5 Stock Issuance....Horace Company had the following transactions durning 2014, its first year of business. a. Issued 5,000 shares of $5 par common stock for cash at $15 per share. b. Issued 7,000 shares of common stock on May 1 to acquire a factory building from Barkley Company. Barkley had aquired the building in 2010 at a price of $150,000. Horace estimated that the building was worth $175,000 on May 1, 2014. c. Issued 2,000 shares of stock on June 1 to acuire a patent. The accoutant has been unable to estimate the value of the patent but has determined that Horace's common stock was selling at $25 per share on June 1. Required. 1. Record an entry for each transaction 2. Determine the balance sheet amounts for common stock and additional paid-in capital.